{"id":105835,"date":"2017-05-10T06:31:29","date_gmt":"2017-05-10T10:31:29","guid":{"rendered":"http:\/\/countingpips.com\/?p=105835"},"modified":"2017-05-10T06:31:29","modified_gmt":"2017-05-10T10:31:29","slug":"usdjpy-broke-out-of-the-top-of-the-price-channel","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/05\/usdjpy-broke-out-of-the-top-of-the-price-channel\/","title":{"rendered":"USDJPY broke out of the top of the price channel"},"content":{"rendered":"<div id=\"inves-1440554257\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">May 10, 2017<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><div class=\"entry-content\">\n<p>USDJPY broke out of the top of the <a href=\"http:\/\/www.forexcycle.com\/trading-strategy\/110332-the-profitable-ups-and-downs-of-forex-price-channels-how-to-trade.html\">price channel<\/a> on 4-hour chart and reached as high as 114.32. Consolidation for the uptrend would likely be seen in a couple of days and pullback to the bottom of the channel is possible. However, as long as the pair is above 112.08 key support, the upward movement could be expected to continue after the consolidation and next target would be at 115.00 area. Only a breakdown below 112.08 key support could signal completion of the uptrend.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-111014\" src=\"http:\/\/www.forexcycle.com\/wp-content\/uploads\/2017\/20170510_USDJPY_1.png\" alt=\"USDJPY chart\" width=\"500\" height=\"300\" \/><\/p>\n<\/div>\n<p>&nbsp;<\/p>\n<p>By <a href=\"http:\/\/ForexCycle.com\" target=\"_blank\" rel=\"noopener noreferrer\">ForexCycle.com<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>USDJPY broke out of the top of the price channel on 4-hour chart and reached as high as 114.32. Consolidation for the uptrend would likely be seen in a couple of days and pullback to the bottom of the channel is possible. However, as long as the pair is above 112.08 key support, the upward [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-105835","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/105835","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=105835"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/105835\/revisions"}],"predecessor-version":[{"id":105845,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/105835\/revisions\/105845"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=105835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=105835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=105835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}